The US Election

It promises to be a close one, many pundits refer to the Bush-Gore clincher decided by the Supreme Court as a possible model for how this one should turn out. Let’s hope not.

A decisive election would have a more positive effect on America. If Obama wins, as the world hopes, the US should continue to expand its economy based on debt funding. If Romney wins, I expect the US will contract its economy as his weird economics take hold. Romney has promised growth and lower taxes in what sounds like a wish list of ideals for the wealthy. America is dominated by a middle class that I think will tend to believe Obama but are troubled by the actions of the Democrats when they controlled the House of Representatives in the first half of the Obama presidency – failing to take advantage of their power.